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Marriott Employees Credit Union

Overview
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Marriott Employees Credit Union is a federal credit union based in Bethesda, Maryland. It has been opened since 1953, for 67 years.

With around $186,070,000 in assets, Marriott Employees Credit Union is considered to be a large credit union. It has 1 branches and 2 ATM locations.

About
Address P.O. Box 6006
Bethesda, Maryland 20827
Website http://www.mefcudirect.com
Phone (301) 634-5100
Fax (301) 634-5275
CEO James G. Newton
President of the Board Daniel Verner
Services Offered
Map
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Score Card
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67 years
Years in business
Opened in 1953
Well Capitalized
Net worth classification
Source: NCUA
31,893 members
Membership type: Service – finance, insurance, real estate, trade
Above average number of members
742:1
Credit union member to staff ratio
742 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$186,068,692
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Maryland
Above average number of branches
Marriott Employees Credit Union Branch Locations
Members
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31,893 members
Membership type: Service – finance, insurance, real estate, trade
Above average number of members

With 31,893 members, the Marriott Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 87% of credit unions.

Fees
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$93
Average fee per member
The average fee per member at the Marriott Employees Credit Union is $93, which is very high compared to most credit unions. This rate is higher than 82% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Marriott Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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742:1
Credit union member to staff ratio
742 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
43 staff members
FTE (full-time equivalent)
0% of employees are part-time
43 full-time, 0 part-time

Marriott Employees Credit Union has 43 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Marriott Employees Credit Union has around 742 members per staff, a high ratio compared to other credit unions.

Assets
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$186,068,692
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,259
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 89% of credit unions.

Marriott Employees Credit Union holds a total of $91,230,000 in loans and leases, which is about $5,259 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Marriott Employees Credit Union pays 0.10%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
18.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
17.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.49%
New car loan rate
Compared to 4.0% nationally
2.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
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